Santiago Ferrer and Juan Felipe Vera

Cuatrecasas counsels Sterling on Sócrates acquisition

Cuatrecasas has counselled Sterling Check Corp (Sterling), a global background and identity verification services company, on the acquisition of Socrates Ltd (Socrates), an independent verification company in Latin America.

As a result, Socrates’ specialist management team will join Sterling’s leadership team, building on Sterling’s proven model, to bring deep regional expertise, innovative localised solutions and world-class customer service to deliver the desired growth in the region.

This acquisition is part of Sterling’s geographic expansion and capital allocation plan, including the recent announcement of a new five-year credit facility and share repurchase programme. The transaction was funded entirely with cash on the balance sheet.

Josh Peirez, CEO of Sterling, commented: “This is an incredible opportunity to expand Sterling’s presence in a region with increasing hiring demand for all of our clients, primarily in financial services and technology. The Socrates team developed a highly reliable operating model and a suite of verification services, guided by their people and client centric values that fit perfectly with Sterling’s culture.”

Cuatrecasas’ team has been led from Mexico City by Santiago Ferrer (pictured left) and Juan Carlos Galicia, and from Bogotá by Juan Felipe Vera (pictured right) and Andrés Felipe Saldarriaga.

L Giselle Estrada

SHARE